Real Estate Investing in Greenwood, Wisconsin (54437)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Clark County • Population: 3,173 • Data updated: September 2026

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Should you buy in 54437 (Greenwood, WI)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 12.8% of homes vacant — above national norms.

• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.

What’s happening in Greenwood, WI (54437)?

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3.0/ 5

Investability

Overall investment appeal

4.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $239,024
Avg Monthly Rent $873
1% Rule ✗ Does Not Meet
Median Income $60,711
% Renters 23.8%

Market Analysis: 54437 Greenwood

The 54437 ZIP covers a section of Greenwood that demands careful diligence. Prices near $239K look accessible, but the work to make a deal cash flow is real.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $239K asset, 54437 is the wrong submarket. If the plan prices in friction, the yield can still work.

Statewide comparisons place 54437 among WI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.

The demographic picture in 54437 includes headwinds that any investor should price in. Income distribution skews lower than Greenwood averages, and tenant stability requires active management.

Distressed ZIPs reward experience. resilient returns are possible in 54437, but they flow to investors who already understand how to operate in soft markets.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Greenwood:

B Good
Buy Confidence Score: 70/100
Affordability
15/25
Appreciation
25/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 3.9× the median income
Value Trend
Rising (+14.2%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $873/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.

Market Trends

Home Value History (with trend line)

$252K$219K$186K$153K$120K$87KJan 2012May 2019Jul 2026

📊 How Does 54437 Compare?

Metric 54437 Greenwood Wisconsin
Home Value $239,024 $239,024 $320,446
5-Year CAGR 8.7% 8.7% 7.3%
Avg Rent $873 $873 -
Cap Rate 2.9% 2.9% -
💡 Why Invest in 54437? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

📊 See where this ZIP ranks in our Best-of lists →
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 54437 (Greenwood, WI). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
2.9%
Low
5yr Growth
+8.7%
Strong

📊 Market Snapshot

Home Value $239,024
Monthly Rent $873
Price-to-Rent 22.8:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.4%
Cap Rate 2.9%
5-Year IRR 11.5%

📈 Home Appreciation

1-Year +14.2% ▲
3-Year CAGR +7.9% ▲
5-Year CAGR +8.7% ▲
10-Year CAGR +7.7% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 2.9%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.

Run an IRR Analysis →

⚠️ Risk Signals

Composite view of factors that can impact a ZIP's stability and your downside risk.

Vacancy
12.8%
Moderate risk
Landlord Climate
5.0/5
Friendly
Value Trend (5yr)
+8.7%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 54437

Population: 3,173

💰 Median Household Income
$60,711
This area
$60,711
State
$73,177
USA
$74,580
🏠 Renter Occupied
23.8%
This area
23.8%
State
22.0%
USA
34.0%
💼 Unemployment Rate
1.0%
This area
1.0%
State
-1.8%
USA
3.7%
🎓 College Educated
12.6%
This area
12.6%
State
17.1%
USA
33.7%
👤 Median Age
35.2 years
This area
35.2 years
State
35.3 years
USA
38.9 years
🏚️ Vacancy Rate
12.8%
This area
12.8%
State
17.1%
USA
10.5%
👥 Population by Ethnicity
White 97.3%
Other/Mixed 2.7%
Hispanic/Latino 1.2%
Asian 0.1%
👶 Under 18
30.9%
This area
30.9%
USA
22.0%
👴 65 and Over
14.3%
This area
14.3%
USA
17.3%
📊 Poverty Rate
6.1%
This area
6.1%
USA
11.5%

Crime & Safety

🚧

Crime & Safety Data Coming Soon

We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.

Expected: Q1 2025

🎓 Schools in 54437

A+ Avg School Grade
2 Schools
9.8:1 Avg Class Size
$21,253 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Greenwood Elementary

📚 Pre-K – 06 School
👥
195 Students
👨‍🏫
11.0:1 Class Size
💰
$21,253 Per Student
A+ Excellent

Greenwood High

📚 07 – 12 High School
👥
155 Students
👨‍🏫
8.6:1 Class Size
💰
$21,253 Per Student
About Repit School Scores

Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.

We evaluate schools based on factors that research shows actually impact educational outcomes:

  • Class Size — Smaller classes mean more individual attention
  • School Funding — Resources available for programs, staff, and facilities
  • Community Factors — Neighborhood characteristics that influence student success
  • School Environment — Size, type, and structure

Scores are updated annually using federal education data.

Frequently Asked Questions

What kind of market is Greenwood, WI for investors?

Investors tracking Greenwood, WI will find a 3.0/5 rating supported by $239K median home values and $873/mo rents. That profile suits long-term holders targeting predictable returns.

How high is vacancy risk in Greenwood, WI?

Vacancy risk in Greenwood, WI is elevated. That supports stable cash flow for typical rental holds.

How much rent can I charge in Greenwood, WI?

Greenwood, WI rentals go for roughly $873/mo a month. That puts gross yield in solid territory relative to $239K acquisition costs.

Is Greenwood, WI good for house hacking?

The house hack math a challenging in Greenwood, WI. Owner-occupant buyers benefit from the $873/mo rents and $239K home values.

Is the tenant base reliable in Greenwood, WI?

Tenant demand in Greenwood, WI is solid. The local workforce $873/mo rents across most rental classes.

You know 54437 now. You don’t know where it ranks.

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